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South Korea's Kospi and the won strengthened on Monday after Federal Reserve Chair Jerome Powell said steady rate hikes are the best way to protect the US recovery. The won was quoted at 1,113.8 per dollar onshore, 0.46% firmer than its prior close, and South Korean bond yields rose.
Expectations of continued Fed tightening support the dollar and can weaken emerging-market currencies, which tends to reduce the purchasing power of importers of US feed commodities.
stockopedia.comAug 27, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
